Common use of Automatic Exercise Clause in Contracts

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company's Common Stock is greater than the Warrant Price, as adjusted, this Warrant shall be deemed automatically exercised in accordance with Section 2.2 hereof (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company's Common Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.5, the Company agrees to notify Holder within a reasonable period of time of the number of shares of the Company's Common Stock, if any, Holder is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company's Common ’s Warrant Stock issuable hereunder is greater than the Warrant Exercise Price, as adjusted, this Warrant shall be deemed automatically exercised in accordance with Section 2.2 hereof (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company's Common ’s Warrant Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.52.8, the Company agrees to notify Holder within a reasonable period of time of the number of shares of the Company's Common ’s Warrant Stock, if any, Holder is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company's Common Stock is greater than the Warrant Exercise Price, as adjusted, this Warrant shall be deemed automatically exercised in accordance with pursuant to Section 2.2 hereof 2.3 below (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company's Common Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above2.3(b) below. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.52.2, the Company agrees to promptly notify Holder within a reasonable period of time the holder hereof of the number of shares of the Company's Common StockShares, if any, Holder the holder hereof is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company's Common Preferred Stock is greater than the Warrant Price, as adjustedExercise Price then in effect, this Warrant shall be deemed automatically exercised in accordance with pursuant to Section 2.2 hereof 2.3 below (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company's Common Preferred Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above(b) below. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.52.2, the Company agrees to promptly notify Holder within a reasonable period of time the holder hereof of the number of shares of the Company's Common StockShares, if any, Holder the holder hereof is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company's Common Stock is greater than then the Warrant Price, as adjustedExercise Price then in effect, this Warrant shall be deemed automatically exercised in accordance with pursuant to Section 2.2 hereof 2.3 below (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company's Common Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above(b) below. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.52.2, the Company agrees to promptly notify Holder within a reasonable period of time the holder hereof of the number of shares of the Company's Common StockShares, if any, Holder the holder hereof is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company's Common Warrant Stock issuable hereunder is greater than the Warrant Exercise Price, as adjusted, this Warrant shall be deemed automatically exercised in accordance with Section 2.2 hereof (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company's Common Warrant Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.5, 2.8 the Company agrees to notify Holder within a reasonable period of time of the number of shares of the Company's Common Warrant Stock, if any, Holder is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company's Common ’s Warrant Stock is greater than the Warrant Price, as adjusted, this Warrant shall be deemed automatically exercised in accordance with Section 2.2 hereof (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company's Common ’s Warrant Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.52.8, the Company agrees to notify Holder within a reasonable period of time of the number of shares of the Company's Common ’s Warrant Stock, if any, Holder is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company's Common Stock is greater than the Warrant Price, as adjusted, this Warrant shall be deemed automatically exercised in accordance with Section 2.2 hereof (even if not surrendered) immediately before its expirationexpiration without any further action by the Holder. For purposes of such automatic exercise, the fair market value of one share of the Company's Common Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.5, the Company agrees to notify Holder within a reasonable period of time of the number of shares of the Company's Common Stock, if any, Holder is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company's Common Preferred Stock is greater than the Warrant Price, as adjustedExercise Price then in effect, this Warrant shall be deemed automatically exercised in accordance with pursuant to Section 2.2 hereof 2.3 below (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company's Common Preferred Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above2.3(b) below. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.52.2, the Company agrees to promptly notify Holder within a reasonable period of time the holder hereof of the number of shares of the Company's Common StockShares, if any, Holder the holder hereof is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company's Common Warrant Stock issuable hereunder is greater than the Warrant Exercise Price, as adjusted, this Warrant shall be deemed automatically exercised in accordance with Section 2.2 hereof (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company's Common ’s Warrant Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.52.8, the Company agrees to notify Holder within a reasonable period of time of the number of shares of the Company's Common Warrant Stock, if any, Holder is to receive by reason of such automatic exercise.

Automatic Exercise. To the extent this Warrant is not previously exercised, and if the fair market value of one share of the Company's Common Stock is greater than the Warrant Price, as adjustedExercise Price then in effect, this Warrant shall be deemed automatically exercised in accordance with pursuant to Section 2.2 hereof 2.3 below (even if not surrendered) immediately before its expiration. For purposes of such automatic exercise, the fair market value of one share of the Company's Common Stock upon such expiration shall be the fair market value determined pursuant to Section 2.3 above(b) below. To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this Section 2.52.2, the Company agrees to promptly notify Holder within a reasonable period of time the holder hereof of the number of shares of the Company's Common StockShares, if any, Holder the holder hereof is to receive by reason of such automatic exercise.